Course: Finance - Financial Mathematics

Bernardo O'Higgins left an inheritance for the temple of Maip, which will become effective on the 200th anniversary of the battle for Chilean Independence and will be guarded by the "O'Higgins National Vow Corporation" Questions: (a) If you deposited $1,000,000 in real pesos and the average rate has been 2% semiannually, what amount will be available upon cashing it? b) The minute the withdrawal is made effective, this Corporation has decided to receive monthly installments for 200 years for the maintenance of the church, how much is the installment? c) If the bank offers an installment of $10,000,000 per month, what is the interest rate it offers?